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FOX Business
Dec 26, 2012 8:00pm EST
obama will be deadlock. but i it's something he said to john boehner leaving any room for compromise? if politicians don't take us over the cliff, will the unions? what the they're planning this k in from boston to houston threatening to strike you in the wallet. eric: read the headlines and they say that president is giving up his vacation takes toe a fiscal cliff deal, but is there any room for negotiation? let's talk about it a little bit. >> the president is heading back to washington to attempt a last-ditch effort with speaker boehner to forge some compromise to avert a fiscal cliff which will kick in in six days if nothing isone done. those are the headlines are we talking about is cutting his vacation short in tha and that l well and good. is there anything that can be done because they really seem to be at an impasse before christmms, the republicans in the houseors, imploded and a ve, very tight spot and i suspect if there is to be a deal it'll be a pretty on powering one for all involved. eric: john boehner, putting it up on the screen. $800 billion in tax revenue on the t
FOX Business
Dec 27, 2012 6:00pm EST
. harry reid spent the day moaning about how bad of a speaker john boehner is good the house is set to return sunday afternoon just one day before the end of the year. nearly 90% of americans will be hit with $500 billion in tax hikes and spending cuts. as we head off a cliff, what can you and your family expect come january 2? president of the american action reform joins me now. so, windows narrowing, what can we expect from here? >> if we literally go on autopilot and they fail to change course, i am worried about the economy. some sharp equity market attractions, consumer confidence has already begun, lots and lots of notices sent out, layoffs scaring people to death. this is not a good news story for anybody looking for a job. gerri: the clock keeps on taking. the cover of "the new york post," pretty amusing. off the fiscal cliff, this is really going to hurt. i think everybody can relate to that one. for taxpayers, $500 billion increase in taxes. how will that hit people, how meaningful is it going to be, will they see the results in their first paychecks? >> for sure the hig
FOX Business
Dec 23, 2012 10:00pm EST
deal. how speaker john boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and figure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president planning to hold out for the holidays, and congress is out for the holidays. the president saying that putting pressure began on republicans, house republicans, to least extend tax cuts for the middle class. that would be the step by scratch in transit approach and he is speaking to constituents bac
FOX Business
Dec 24, 2012 11:00am EST
about the fate of house speaker john boehner because there's a lot more at play than just raising taxes on people who make more than a million dollars with what we saw happen last week? >> yeah, you know, i have always been a fan of john boehner's. i've known him for 20 years. i think he's a strong conservative. he's got a bit of a conservative revolt on his hands dagen. any time you have a high-profile issue like this and you are about to bring to it the floor and you have a revolt among your own members of your own party, that's a bad thing if you want to retain your speakership. so i think there may very well be a rebellion come january when they vote on officially on who the speaker will be. you know, eric cantor is next in line. but i'm going to predict that i think that john boehner is going to hold on despite the fact there is a mini rebellion within the republican party. dagen: great to see you steve. merry christmas. >> merry christmas. dagen: be well, safe travels. i know you are in chicago. >> i have to come back early because of the fiscal cliff. dagen: steve, thanks. >> tak
FOX Business
Dec 27, 2012 11:00am EST
,000. the president wants us to negotiate. >> that is not true, brad. plan b failed in the house because john boehner has a segment of his party that will not go along with very reasonable -- >> no, no. we will go along with revenue. there has not been any spending reduction on behalf of the american people and the president. we only control one third of government. you guys control two thirds and you have refused to lead through this crisis. >> if there was a bill that would raise taxes on people over $400,000 a year that that would pass? [talking over each other] >> look, a revenue bill would pass provided that it was matched by spending reductions. we will not take from people without giving them the insurance that we are not spending more that we are taking in. liz: thank you. great to be with you both. next up, we have good news on the housing front. the latest word from the commerce department has new-home sales at at the highest level we have seen in more than two years. new single-family home sales increased by 4.4% last month from october. it showed home prices up nearly 7% for this year. th
FOX Business
Dec 26, 2012 11:00pm EST
return from tight to work on the deadlock in d.c. tomorrow. is something he said to speaker john boehner leaving room for compromise? if politicians don't take us over the cliff, will the unions over the cliff, will the unions in what is threatening to strike lead paint poisoning aects one million children today. if you're pregnant or have young children and your home was built before 1978, you could be at risk. learn how to protect your family. to find your home's danger zones, the health effects, or just to find help, log on to leadfreekids.org. read the headlines and they say the president is giving up his vacation to negotiate a fiscal cliff deal but is something he said before leaving for hawaii leaving room for negotiations? what are we talking about? set it up. >> the president is heading back to washington to attempt a last ditch effort with speaker boehner to forge compromise to avert the fiscal cliff which will kick in in about six days if nothing'ss done. those are the headlines. everyone talking about cutting his vacation short. the question is there anything that can be done
FOX Business
Dec 24, 2012 1:00pm EST
cliff, talks on hold until after christmas and president obama and house speaker john boehner have not spoken since friday. lori: is there any hope for a deal? are you the last man there? >> a staff is here. the staff is in this but all eyes are on the senate when it returns this thursday to try and get a deal to avoid getting off a cliff the past friday before the president left for the holiday, he proposed a limited measure to avoid all of the cliff when speaker john boehner plan b. got scuttled. the president wants to extend the bush tax cuts and avoid some of the deep spending cuts. white house spokesperson says discussions continue between the administration and capitol hill. in july you may recall senate democrats passed an extension of the middle-class tax codes for the year. those folks making less than $250,000 per year at a cost of 157 billion. also passing the alternative minimum tax for $92 billion. mitch mcconnell is critical to hammering out a deal because he can filibuster any legislation, but his spokesman told me this morning nothing new to report. we don't know wh
FOX Business
Dec 27, 2012 9:20am EST
have taken the heat, and john boehner's plan b, a disastrous piece of publicity, got that. do you think that the tide is turning at all and that the jonbenet has been gettinof and . >> and not seeing any leadership for the president and not seeing any for the senate and not seen the budget. i think that the frustration is across th board and it should be felt by all. >> okay, you're sitting there in washington and you tell me now, do you think we get a deal on new year's eve? >> gosh, i certainly hope so. >> do you think we will? >> do you think we will? >> i don't think that this washington, anyone in washington is reckless enough for the country off the cliff. they recognize it's dangerous. stuart: i've got to read between the lines here. you're saying that there will be some kind of last minute stop-gap deal, yes? >> i certainly hope so. stuart: and what would be the form of that deal? what would be in it just a broad outline? go. >> well, we can't see taxes go up on anybody across the board and we have to see the tax rates extended for everyone and-- >> that's not going to happen. >
FOX Business
Dec 27, 2012 12:00am EST
. by the way, before you come together, come back to d.c. john boehner, come on. adam: won't you come home, john boehner, won't you come home. >> these guys are off in their districts, hawaii, sipping my ties with melissa francis. adam: she is in south florida. >> let's get back to work. adam: check this out. this is the world's longest high-speed rail line which stretches 1400 miles in china. takes passengers from beijing, to, i can't say that name. thank you. me and pronounciations. i can barely get shapiro right. before the train existed the travel time was twrept hours between the two cities. now it only takes eight hours. will we ever see something like this in the united states? julie, do we need it? is it relevant for high-speed rail in the united states? >> for those of us who ride the corridor for every stuck up. adam: faster sometimes to go on the regular train. >> i love this. apparently if we had the high-speed rail, new york to d.c., god knows why you want to go to d.c. under hour which i love. americans love their cars. adam: bingo. >> china doesn't have competitive airline i
FOX Business
Dec 28, 2012 4:00pm EST
as far as john boehner is concernee. rich edson, thanks very much. shibani? shibani: goldman sachs ceo lloyd blankfein one of the ceo's set to speak with the president in an hour's time on latest details on the fiscal cliff talks. the financial sector on track for its biggest gain in nine years. what remains ahead for financials and what is at stake stake for the industry with the fiscal cliff looming? let's ask marty mosby, guggenheim bank analyst. let's talk about first, marty, we hear lloyd blankfein will be on phone to talk to president obama trying to garner his support, the president out of these ceos, but give us a sense what the banks are looking for out of any sort of negotiation on capitol hill as we proceed towards the cliff? >> well, the first thing that the banks would like to see is some, you know, at least some certainty and stability about how we're going to, get through this process and come out the other side. because as we're looking at either cutting spending or raising taxes those have impacts on the economic activity that these banks are going to be participating
FOX Business
Dec 28, 2012 1:00pm EST
to see how the meeting shapes up next hour and so are we. neil: john boehner can deliver his caucus without spending cuts and democrats can't come to the table must -- my hand a doing this, republicans agreed to tax increases. we are going over the cliff and that might be what both sides want. >> the possible scenario where if the market reacts negatively lawmakers would feel the rush to pass something else. it became clear after john boehner put on the table keeping tax rates and taxes where they are for income amount of less than $1 million, not enough in cuts, you have to get democrats and republicans to bring this over the line in the house much like you have to do in the senate which is why this has to be worked out with a democrat and republican leaders in the white house later today in a last-ditch effort to get something done before new year's. adam: rich edson on his way to the white house. for more on the last-ditch talks to avoid the fiscal clip i am joined by heritage foundation budget expert and data analyst director bill beach. , the conspiracy theory, in actuality bot
FOX Business
Dec 27, 2012 1:00pm EST
probably for anything to get through the house and senate. tracy: just to be cleared john boehner said he would give him 48 hours notice will for they had to come back. if he calls them today they don't have to be back for 48 hours. >> right. they have a conference call, republican conference in 30 minutes to discuss their next move. they announced they are coming back, the earliest they would be back in session would be saturday but even if lawmakers are you there is no deal yet, the upper echelons of congressional leadership that would have them vote on anything so we are waiting for congressional leaders to work something out and we are not at the phase where rank-and-file lawmakers and senators would vote. tracy: so much for a slow news week. why come back? no reason to come back. the clock ticking down what are the chances for the fiscal cliff deal? let's look on the bright side here. washington bureau chief, i am being facetious when i say my new year's resolution is to say fiscal quote never again, but we could get a quick fix and potentially not have to see these two word again? >
FOX Business
Dec 26, 2012 7:00pm EST
are watching john boehner, playing out on a national stage a game i am not sure the national media quite gets ors perhaps even they as astute asst they are, the game of politics they quite get.g this is everything for a lot of people, what do you make of it>i in their attitudes, their demeanor, their personality? >> everybody is trying to beth right, it needs to happen for what is best for our country anm in this country. >> is almost a testosterone contest. it is not about winning for the american people is about winning for the party, i can do it better than you, it has to be who wins, w who loses? >> psychologically it is unsettling because it interferes with their comfort level in terms of spending and feelingf comfortable.th >> i don't think about it, they noticed a game of chicken when it comes to this fiscal cliff. lou: etc. look a except when wet projections. talking about another recession.
FOX Business
Dec 28, 2012 6:00pm EST
't think they are going to fall for. i don't think anyone will remember mr. mccaul or john boehner's name 10 years from now. the true fact is that they really do want to build a fiscal cliff. they want this revenue is. gerri: to that point, americans will see the impact of this beginning with their first paycheck in january. because social security payroll tax will go back up. we will see the changes coming on immediately. the average american family will pay $3500 each and every year in taxes. that is the people in the middle class. tyler, quickly to you. you know, do you think that republicans are when the case here? you think of the senate, that they would be able to come up with a compromise? >> going over the cliff is the best scenario for republicans. it's not the best scenario for the country. at least if we go over the cliff, anything they agree to look for tax cuts. and i think that could be the scenario that we are looking for. everything that has been done for the past several weeks has been smoke and mirrors anyway. so you know, this is just another day of the same things. and
FOX Business
Dec 28, 2012 10:00pm EST
their key issue, tax cuts. lou: there has been no talk of growth in this economy. john boehner, the republican leadership, those who are leaving the party, there has been no talk there will be no tax hikes. unwilling and unable perhaps, for what will ensue of the fiscal cliff. but the fact is that we are looking at a real prospect that the republicans will be held responsible and mustplan be actually has the effect of shifting some of the responsibility to the president read what you think are the odds? >> i think he will be held responsible for the economy in 2013 and 2014. you cannot blame george w. bush anymore. they control the senate. it is their economy for sure. so i think that you're going to see a real problem in 2013 and 2014, but i do think it's obama's onomy now. the republicans passed the tax cuts for one group, let's say all the way through, not the very top group, i don't know where that negotiation is going to come out, but if they do that, i think that they will be held blameless for the economy. lou: as we wrap up here, i would like to ask you a question this
FOX Business
Dec 24, 2012 9:20am EST
in his hand and he knows that. david: that's exactly what he said, by the way, to john boehner, according to some notes from inside the meeting he said, hey, look, i won, i win, i don't have to compromise, you guys have to do the compromising. thank you, gang, we'll see more of you coming up. new at 10, china is set to become the largest consumer of coal. still, the u.n. kind of gives them a pass on so-called dirty energy even while they criticize the u.s. for not being green enough. we try to level the playing field with a leading environmentalist. stay tuned.
FOX Business
Dec 24, 2012 10:00am EST
of distractions in the republican party, as to whether john boehner keeps his job as speaker and a whole lot of questions about whether the tea party has been decimated by boehner, whether they rise up. the president may try to push something through real fast, what do you think? >> it would certainly not make things easier for speaker boehner, but i think there is incredible skepticism regarding a carbon tax in the next go-round in 2013. so i think it would drive a wedge in the caucus even further, but i don't know that you'll see a ton of republicans jump on board for a carbon tax. david: no, no, you won't have a lot of republicans do it, but i think you'll find the president pushing in that direction, maybe focus narrowly on natural gas production. thank you very much. sam, it's good to see you, my friend, appreciate it. >> thanks for having me on. thanks. >> the president can pay for all of the spending just by raising taxes, so how will he foot the bill? is a fat tax like the one that they have in europe the way to do it? a vat tax? a value added tax? is that story coming up next. how d
FOX Business
Dec 26, 2012 11:00am EST
and we are waiting on senate democrats. house speaker john boehner, quote, nothing new and from democratic leader of the house nancy pelosi, her spokesperson saying, quote, i don't know anything right now. as of now the cliff remains clearly in sight. if nothing is done on january 1st, the nation faces a $5 trillion tax increase over ten years through the expiration of a george bush tax cuts and assuming congress does not approve its annual patch for the alternative minimum tax and medicare doc fix that prevents deep cuts in medicare the laps of the tax cuts would mean the top tax rate would revert back to 39.6 in the clinton administration from 35% now but taxes will also go up for tax rates would go up for lower-income earners. the maximum lowest rate reverting to 15% from 10% and for investors capital gains rates would revert to 20% from 15% and depending on the analysis the average family would pay 2,000 to $4,000 more in taxes next year. dennis: quick follow-up. in terms of profitmaking in washington is now officially impossible to get a fix in place by december 31st? is it
FOX Business
Dec 27, 2012 5:00pm EST
to send is something that john boehner can sell to his caucus? >> it needs to be. look there has to be more savings. what the president has talked about is more revenue but the concern is, that if the revenue goes to more spending you haven't solved the deficit and the debt. the real secret to getting this thing working is getting economic growth that generates revenue rather than higher taxes. those are elements that we need to get a deal that works and that's why we think there's chance here if the president will come back with some of those savings in his proposal. adam: but here's, we had an economist on yesterday who has no skin in this game politically which gives her credibility to what she had to say. she said the most dangerous thing we could do to the economic recovery is raise taxes. tte president clearly will not give on that point. he is going to raise taxes. if she's accurate, that the worst thing we could be doing right now. why would republicans give in to that, even if it's on the top 2%? >> what republicans want to do is close loopholes and limit deductions, not
FOX Business
Dec 28, 2012 3:00pm EST
, may be, a glimpse of hope on the fiscaa cliff. we know that mitch mcconnell, harry reid, and john boehner arrived at the white house to meet with the president, see if they can get a deal ppt together. we understand, also, tim geithner, as we see on the graphic there, will be a part of the discussions, and, also, s&p saying, by the way, that the fiscal cliff will not impact the u.s. credit rating, the sovereign rating, as you can see right there. some breaking news for you out of washington. this meeting scheduled somewhere between 3 p.m. and 4 p.m. this afternoon. if it goes longer, we'll wait and see whether they come out of the meeting, at least they are meeting. that's what we can is say. power mover of the day, barnes & noble as we said spreading cheer with the stock jumping up 5%, making it the power mover as you see. barnes & noble landing financing. peerson with a 5 #% stake in the digital business. blow the one year chart up a little bit so you can see the stock moving up today. it's been a rough road, clearly for barnes & noble, nook media, part of the barnes & noble are
FOX Business
Dec 31, 2012 5:00pm EST
a wrench in it at the last minute, this happened two years ago when the president was dealing with john boehner but at the last minute said no ski questions operation. all spending cuts off the table? is that accurate? would the president take blame for pushing us off the cliff? >> well, it was apparently, from the white house, by joe biden, the vice president has been negotiating and the story according to our producers up on the hill there was an agreement to try to deal with the sequestration by having both the democrats and republicans make their own proposals that could be considered and voted on. adam: peter this, is urgent. this is just crossing right now. republican u.s. senator john mccain says automatic spending cuts to be delayed for two months under tentative fiscal cliff deal. that would seem to me we're going to get a vote at some point this evening on the tax portion with the delay. we get it in the senate and then it would move to the house and latourette is saying house members have been told to stay close. they may be called back to continue fiscal cliff negotiations.
FOX Business
Dec 26, 2012 4:00pm EST
away for the tax hikes for all of us. speaker john boehner plan failed in the house. coming up next is off to d.c. for what plans they may look like. shibani: and all of these weather delays going on in spying airline stocks instead. we have an analyst with his winners and losers predictions for next year. coming up. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust ur brain box. ♪ all onhinkorswim from td ameritrade. ♪ from td ameritrade. i played a round of golf.id in the last five hours? then i read a book while teaching myself how to play guitar; ran ten miles while knitting myself a sweater; jumped out of a plane. finally, i became a ping pong master while recording my debut album. how you ask? with 5-hour energy. i get hours energy now -- no crash later. wait to sethe next five hours. shibani: shares of aol falling today as the stock is a big winner at least for the year. let's head back to nic
FOX Business
Dec 28, 2012 9:20am EST
house this afternoon. that is a mistake. i don't think the senator should have said that. >> john boehner is not a dictator. he is being held hostage by members of his caucus who won't let him negotiate. i don't think it's fair to say he is a dictator of any kind. he has been trying to work something out, even raising taxes on people over $1 million. people of his own caucus won't let him do that. stuart: you are shining appraise -- >> i feel bad for the guy. i have been saying for weeks he lost control of the caucus. stuart: i won't point blamed either side. doesn't look like we have a deal. we are in a real mess and i'm not pointing the blame on either side period. i am saying we have a fundamental problem with america's political system. seems to me all we do is spend money in return for buying votes. what do you say? >> more fundamental than that. there's ssmething called gerrymandering, when you have congressional districts they are not competitive. either party, not being defeated by the opposing party but by primary voters, third they're being killed by people to the right
FOX Business
Dec 31, 2012 9:20am EST
, i would ask you why have the republicans not put forth really specific cuts? john boehner gave sort of a number, but was not specific about it. marco rubio just tweeted today or yesterday that the social security cuts were off the table. the g.o.p. didn't want them and the president supported them. i really don't think i'm being partisan on this point. i think the republicans are the ones that are lacking the leadership. stuart: kirsten, what you are doing is you are shifting attention. i think we should be focused on the president. granted, public opinion is going to blame the republicans for this failure. that's understood. it is probably going to happen. i want to focus on the president. i don't think he's leading. >> here's my -- this is a honest question for you, the president never said that this is his central point to governing. the republicans say it is their central point. why aren't the people who say that they are so concerned about cuts offering specific cuts? stuart: it is the president's job, i would have thought, to try to lead america back to prosperity. the plan is
FOX Business
Dec 31, 2012 1:00pm EST
medicare? there are so many pieces we do not know what the final deal will look like. i think john boehner, there was a lot of scuttle about three or four days ago, but i think he actually, i heard that he got a little standing ovation from his caucus earlier yesterday. i think he comes out of this. i think he will be as strong as ever. this is just the opening round of negotiations. this will go on for six months or a year. we still have to pass a budget and a debt ceiling. ashley: that is right. steve moore, senior economics writer with the "wall street journal." steve, thank you very much. shibani: so far the markets are having a tough time deciding what will happen over the next few hours. ashley: traders worried? we will ask a chief market strategist. we will have his opinion coming up next. ♪ [ male announcer ] how can power consumption in china, impa wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds
FOX Business
Dec 26, 2012 9:20am EST
says compromise going out to 4,000. here is what pelosi said in may of 2012 to speaker john boehner. democrats believe those earning over a million dollars a year should expire and we should use the resulting revenues to pay down the deficit. has anybody called her on that, hey, look, you're only for raising rates for millionaires and above before now you're into the $400,000 level? >> i called her on it last week, and she avoided the question and didn't answer it directly. she said, we were trying to smoke out, that was her quote, smoke out republicans and steny hoyer himself mentioned that it was a ploy. so, i think they were trying to get republicans to agree to the millionaire tax increase and then see how far it will move even more. and it's politics, david. david: yeah, yeah. >> by the way the millionaire tax, only, it would basically raise money to cover eight days of government spending, but you know, david and adam, we've had the letter from nancy pelosi. do you really believe it was a ploy to smoke out the republicans? because nancy pelosi in her letter is equating million
FOX Business
Dec 26, 2012 1:00pm EST
deal. starbucks shares at this point down slightly, 48 cents. imagine john boehner going into starbucks and they write on the cup, come together. hello. lori: boehner, this is directly to you. tracy: exactly. howard schultz is on the campaign to fix the debt. he is one of the ceos that has come out. lori: he has nothing to lose being advocate, being outspoken. the stock is healthy the company is thriving. talk about where crowds are right now, any starbucks on any corner. tracy: i hope they do it with a big black sharpie. come together. write it on the cup. lori get the latte. lori: if washington gets back together and we get a debt deal and economy picks up? that is big if. there are industries that stand to add the most jobs. tracy: we'll tell you where you should be looking if you're ready for a change of pace. that is all next. stay with us. [ indistinct shouting ] ♪ [ indistinct shouting ] [ male announcer ] time and sales data. split-second stats. [ indistinct shouting ] ♪ it's so close to the options floor... [ indistinct shouting, bell dinging ] ...you'll bust your brain box
Search Results 0 to 40 of about 41 (some duplicates have been removed)